Ritik Chopra
Quick Summary
General Principles for deductions under PGBP Sections 30 to 37 of Income-tax Act provide for the deductions to be allowed while computing profit under the head Business or Profession. There are various types of expenses varying from business to business and according to the nature of the unit. Under these sections, an effort was made to enlist every type of expense. But this list is not the final list; any other expenditure if at all incurred for earning a particular income, the same shall be
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